SPX 1345/50 and 1325/30 represent good LONG entry zones if one assumes
these are pullbacks in an IT uptrend. But, SPX may not get there on this pullback.
Daily close below SPX 1330 is indicative of a reversal from IT up to down
But for now, these are merely shallow pullbacks in a rising market, until that critical 1325/30 area.
Financials will provide best returns - GS, FAS, JPM, WFC, AXP
Shorted WHEAT (small position)
Go down, market, want to BUY!
Started by
dTraderB
, Jul 20 2012 08:40 AM
1 reply to this topic
#2
dTraderB
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- Traders-Talk User
- 22,585 posts
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Posted 20 July 2012 - 12:18 PM
Am fixated with this short WHEAT position - will now leg into a spread by opening a long on the March 2013 contract.
And will short NOV BEANS at 1680 OB.
If possible, will leg into spreads by opening a long MARCH beans position.
GRAINS are very volatile with huge daily ranges - good enough to profit from spreads on the FUTURES (not OPTIONS)
